Home USD/CHF Technical Analysis: Swissy pulling back to 0.9920 after bullish attempt
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USD/CHF Technical Analysis: Swissy pulling back to 0.9920 after bullish attempt

  • USD/CHF exceeded the 0.9961, June 21 open, resistance by 2 pips to the upside earlier on Tuesday.
  • USD/CHF is now back in the 0.9920-0.9940 range of last week (yellow rectangle).
  • The bull momentum remains rather weak suggesting that USD/CHF is likely going to stick to the range in the next hours.

USD/CHF 15-minute chart  

Spot rate:                  0.9924
Relative change:       0.10%      
High:                         0.9963
Low:                          0.9909

Trend:                       Neutral

Resistance 1:           0.9933 daily 50-period SMA  
Resistance 2:           0.9950-0.9961 figure and June 21 open
Resistance 3:           0.9989-1.0000 area June 15 high and parity
Resistance 4:           1.0026 May 11 open
Resistance 5:           1.0056 current 2018 high

Support 1:                0.9920 intraday demand level
Support 2:                0.9900 figure
Support 3:                0.9856 June 25 low
Support 4:                0.9788 June 7 swing low

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